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1 answer below Â». Acme Corporation (a U.S. company located in Sarasota, Florida) has the following import/export. transactions in 2015: March 1 Bought inventory costing 50,000 pesos on credit. May 1 Sold 60 percent of the inventory for 45,000 pesos on credit. August 1 Collected 40,000 pesos from customers.
After visiting an Acme store in Philadelphia (currently a supermarket chain owned by Albertsons), Albrecht soon renamed his small corner grocery store Acme. He also changed his business to conduct cash-only sales. More Acme Cash Stores soon opened around the Akron area, reaching 40 locations by 1918.